Whales are buying BTC but the short book on ETH is getting insane

Been checking whale positioning this morning and the BTC/ETH split is kind of notable.

BTC at $66k: $758M in whale longs vs $365M shorts. Net accumulating.

ETH at $1914: $68M longs vs $491M shorts. That's a 7-to-1 ratio on the short side.

20 out of 30 tracked wallets are net short across the whole book. Overall signal is bearish, 73% confidence. But BTC is the outlier — the big money is actually adding there while liquidating everything else.

SOL is basically flat, almost perfectly neutral positioning. XRP getting some accumulation. Everything else getting sold.

Not calling direction here. But ETH specifically — $491M in active shorts isn't a hedge, that's a conviction position. Someone is very committed to this not recovering.

I'm pulling this from swarmintellect.com which tracks on-chain whale positioning